Kudelski SA (KUD) AI Stock Analysis

• Market Cap: CHF66.52M
• Dividend Yield: N/A
• Average Volume (3M): 18.24K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.14
• Revenue Growth: -41.32%
• EPS Growth: 89.56%
• Country: CH
• Employees: 1,774
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): -0.53
• Shares Outstanding: 51,509,212
• 10 Day Avg. Volume: 16,942
• 30 Day Avg. Volume: 18,238
• PEG Ratio: -0.05
• Price to Book (P/B): 0.25
• Price to Sales (P/S): 0.20
• P/FCF Ratio: -1.49
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: CHF1.50 ▲(27.12% Upside)

Kudelski SA's overall stock score is primarily impacted by its weak financial performance and challenging valuation metrics. The technical analysis provides mixed signals, with some caution advised due to overbought conditions. The absence of earnings call data and corporate events limits further insights.

Positive Factors

Business Model Diversification

Kudelski's diversified revenue model across licensing, subscriptions, and product sales provides resilience against market fluctuations and supports long-term stability.

Strategic Partnerships

Partnerships with industry leaders enhance Kudelski's market position and provide a competitive edge, facilitating sustained revenue and growth opportunities.

R&D Investment

Continuous R&D investment ensures Kudelski remains at the forefront of innovation, crucial for maintaining competitive advantages in technology and security sectors.

Negative Factors

Revenue Decline

The substantial drop in revenue indicates challenges in market demand or competitive pressures, potentially impacting long-term financial health and operational capabilities.

Profitability Challenges

Sustained negative profitability margins suggest operational inefficiencies and could hinder the company's ability to invest in growth or weather economic downturns.

Liquidity Constraints

Negative cash flow from operations limits Kudelski's ability to fund day-to-day operations and strategic initiatives, posing risks to financial stability and growth potential.

Kudelski SA Business Overview & Revenue Model

Company Description

Kudelski SA develops and delivers a range of digital security solutions for digital television and interactive applications in Switzerland, the United States, France, the Netherlands, and internationally. It operates through four segments: Digital TV, Cybersecurity, Internet of Things (IoT), and Public Access. The Digital TV segment offers integrated solutions, including open conditional access solutions, which allow TV operators and content providers to operate various value-added pay-TV services on a secure platform, and middleware software solutions for set-top boxes and other consumer devices; and intellectual property consulting services. The Cybersecurity segment provides cybersecurity solutions to enterprises and public sector institutions, which include consulting, technology and resale services, managed security and custom developed proprietary products, and threat intelligence solutions that help organizations to build and run security programs. The IoT segment offers device security through identity authentication and firmware protection; data security to ensure the confidentiality, integrity, and authenticity of sensitive data; and access management and active security protections to enable secure processing, local decision making, and threat detection and response. The Public Access segment provides access control systems and ticketing services for ski lifts, car parks, stadiums, concert halls, and other events. The company also offers watermarking solutions; smartcards and digital TV sales and support services; research and development services; finance services; and research and development digital broadcasting solutions, as well as operates a travel agency. Kudelski SA was founded in 1951 and is headquartered in Cheseaux-sur-Lausanne, Switzerland.

How the Company Makes Money

Kudelski generates revenue through a diversified business model that includes several key streams. Primarily, the company earns money by providing cybersecurity solutions and services to enterprises, which include consulting, integration, and managed security services. Additionally, Kudelski's content protection segment earns revenue from licensing its technology to broadcasters and streaming services, enabling them to secure their video content against piracy. The company also derives income from its access control solutions, which are implemented in various applications, including physical security systems for enterprises. Significant partnerships with major media companies and technology providers enhance its market reach and contribute to its earnings. Furthermore, Kudelski invests in research and development to innovate and adapt its offerings, ensuring continuous growth and revenue generation in a rapidly evolving digital landscape.

Kudelski SA Financial Statement Overview

Summary

Kudelski SA faces significant challenges in revenue growth and profitability, with declining income statement performance. The balance sheet is stable with manageable debt levels, but the equity ratio has weakened. Cash flows indicate liquidity constraints due to negative operational cash flow and increased investment activities.

Income Statement

Kudelski SA's income statement shows significant revenue decline with a 48.9% decrease from the previous year. The company is struggling with profitability, evident from negative EBIT and EBITDA margins in the latest year, though there is a small net profit achieved after a loss in the previous year. Gross profit margin has also decreased significantly over the years, indicating declining operational efficiency.

Balance Sheet

The balance sheet reflects a stable equity position with a debt-to-equity ratio of 0.24, which is manageable. However, the equity ratio has decreased, reflecting a reduction in the company's equity as a percentage of total assets. The return on equity has improved due to positive net income, but remains low. Overall, the balance sheet indicates a mixed financial stability with manageable debt levels.

Cash Flow

Cash flow analysis shows a negative operating cash flow in the latest year, indicating liquidity challenges. There is a significant decline in free cash flow due to increased capital expenditure and reduced operational cash generation. The company has used substantial cash in investing activities, primarily driven by high investing cash flow, which could be a sign of strategic investments.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	364.51M	383.73M	411.70M	705.88M	753.93M	729.49M
Gross Profit	87.22M	94.88M	330.97M	505.42M	529.16M	517.82M
EBITDA	-19.27M	-21.41M	7.99M	31.92M	34.31M	37.50M
Net Income	-2.41M	11.41M	-29.40M	-20.66M	14.59M	-23.20M
Balance Sheet
Total Assets	545.73M	571.05M	921.57M	964.96M	1.23B	1.22B
Cash, Cash Equivalents and Short-Term Investments	94.88M	135.49M	73.46M	87.97M	285.01M	152.58M
Total Debt	71.62M	73.57M	330.30M	352.26M	532.99M	535.81M
Total Liabilities	228.06M	256.66M	624.57M	603.39M	828.78M	848.07M
Stockholders Equity	308.86M	306.92M	269.95M	334.32M	361.63M	338.45M
Cash Flow
Free Cash Flow	-93.32M	-50.59M	56.82M	-3.18M	95.71M	125.89M
Operating Cash Flow	-88.37M	-45.37M	63.85M	1.51M	103.13M	132.59M
Investing Cash Flow	335.32M	345.20M	-7.04M	-4.46M	91.85M	-8.90M
Financing Cash Flow	-212.19M	-225.91M	-62.54M	-202.49M	-55.10M	-52.27M

Kudelski SA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.18
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:KUD, the sentiment is Negative. The current price of 1.18 is below the 20-day moving average (MA) of 1.27, below the 50-day MA of 1.31, and below the 200-day MA of 1.32, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 35.54 is Neutral, neither overbought nor oversold. The STOCH value of 44.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CH:KUD.

Kudelski SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SWON	60 Neutral	CHF1.89B	-69.49	―	3.40%	-5.87%	-224.75%
UBXN	58 Neutral	CHF1.02B	-8.98	-20.37%	―	-27.51%	-36.15%
KUD	48 Neutral	CHF66.52M	-38.10	-52.82%	―	-41.32%	89.56%
AMS	45 Neutral	$754.30M	-4.83	-14.27%	―	-5.48%	79.75%
WIHN	45 Neutral	CHF81.90M	-10.49	-24.65%	―	-44.06%	58.60%
LEHN	45 Neutral	CHF336.70M	50.94	5.19%	―	-11.90%	-78.34%

Kudelski SA Corporate Events

NAGRAVISION and MediaTek Partner to Enhance Streaming Security

NAGRAVISION and MediaTek have announced a strategic partnership to enhance digital rights management (DRM) protection for streaming content, particularly live sports. This collaboration introduces a renewable, hardware-based security solution that reduces reliance on Trusted Execution Environments and allows service providers to dynamically manage credentials, ensuring robust content protection and supporting premium licensing requirements.

NAGRAVISION Launches OpenTV ENTera on AWS Marketplace to Boost Streaming Innovation

NAGRAVISION has launched OpenTV ENTera, an AI-powered digital services platform, on AWS Marketplace, expanding access for video service providers. This move is set to enhance streaming innovation, provide immersive user experiences, and create new revenue opportunities by enabling operators to deliver personalized content and services efficiently.

NAGRAVISION Expands OneTV Solution with Bango Integration for ONE Hungary

NAGRAVISION has expanded its OneTV solution for ONE Hungary, integrating Bango’s Digital Vending Machine to enable third-party service bundling. This enhancement allows ONE Hungary to offer over 100 subscription services through a single app, enhancing consumer engagement and positioning the company as a comprehensive entertainment provider in the Hungarian market.